freenet AG (OTCMKTS:FRTAF) Short Interest Update

freenet AG (OTCMKTS:FRTAF) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 43,300 shares, a growth of 13.1% from the November 30th total of 38,300 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

freenet Stock Performance

Shares of FRTAF remained flat at $26.87 during midday trading on Monday. The company has a 50-day simple moving average of $26.87 and a 200-day simple moving average of $26.96. The company has a market cap of $3.44 billion, a P/E ratio of 12.67 and a beta of 0.40. freenet has a 1-year low of $26.87 and a 1-year high of $26.87. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.29.

freenet (OTCMKTS:FRTAF) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $679.75 million during the quarter. freenet had a net margin of 9.07% and a return on equity of 18.50%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut freenet from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th.

freenet Company Profile

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.